Welcome to our dedicated page for Donaldson news (Ticker: DCI), a resource for investors and traders seeking the latest updates and insights on Donaldson stock.
Donaldson Company, Inc. (symbol: DCI) is an industry leader in the design and manufacturing of filtration systems and replacement parts. Founded in 1915 by Frank A. Donaldson, the company revolutionized the filtration sector with the first successful air cleaner for internal combustion engines. Since its inception, Donaldson has been at the forefront of technology and innovation, continually advancing to solve complex filtration challenges.
Today, Donaldson employs over 13,000 people, including a dedicated team of 1,000 scientists and engineers. The company's cutting-edge filtration systems are utilized in a wide range of applications, from heavy-duty trucks on highways to computer disk drives that safeguard critical data.
Donaldson's operations are organized into three primary segments: Mobile Solutions, Industrial Solutions, and Life Sciences. The company's products serve diverse end markets, including construction, mining, agriculture, trucking, and industrial sectors. These segments collectively generated approximately $3.4 billion in revenue and $480 million in operating income in fiscal 2023.
As a member of the S&P MidCap 400 Index, Donaldson's shares are publicly traded on the New York Stock Exchange under the symbol DCI. The company's commitment to innovation and quality is evident in its broad array of filtration products, including air and liquid filtration systems, and dust, fume, and mist collectors.
Donaldson continues to expand its market presence and enhance its product offerings through strategic partnerships and ongoing research and development initiatives. The company remains focused on meeting the evolving needs of its global customer base, ensuring optimal performance and reliability of its filtration solutions.
For the latest updates and developments, including the company's financial performance and new projects, please refer to the latest news section below:
- Latest News: Source: Donaldson Company, Inc.
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Donaldson Company (NYSE: DCI) launched its Filter Minder Connect solution at the TMC Spring Meeting, enabling real-time monitoring of fuel filters and engine oil in heavy-duty engines. This technology allows fleet managers to optimize maintenance schedules, reducing downtime and costs. The system wirelessly transmits performance data to the cloud, providing predictive analytics to inform users when filters and engine oil are near the end of their lifespan. The solution aims to enhance operational efficiency and profitability for fleet operators.
Donaldson Company (NYSE: DCI) announces significant updates to its iCue™ connected filtration service, enhancing user experience and capabilities. Key upgrades include a Particulate Monitoring Sensor for real-time air quality assessments, Pulse-Jet Cleaning Valves for improved filter performance notifications, and a Partner View feature enabling third-party access for maintenance support. These enhancements aim to optimize operational efficiency, ensure compliance, and extend filter lifespan, ultimately saving time and reducing costs for manufacturing facilities worldwide.
Donaldson Company (NYSE: DCI) has launched the Ultrapac™ Smart dryer, a cutting-edge solution for drying compressed air in manufacturing. This innovative product employs a three-stage separation process, enhancing air quality crucial for food and beverage applications. The dryer’s compact design allows for flexible installation, while its advanced filtration technology ensures efficient drying, reducing maintenance costs. Additionally, plant teams can monitor performance via a touchscreen display. The Ultrapac Smart dryer meets various industry standards, ensuring reliable operation in critical environments.
Donaldson Company (NYSE: DCI) announced that its management will participate in a fireside chat and investor meetings at the Bank of America Global Industrials Conference on March 16, starting at 1:10 p.m. Central time. Investors can listen to the live webcast in the "Events & Presentations" section of Donaldson’s Investor Relations website. A replay will be available for approximately 90 days after the event. Founded in 1915, Donaldson is a global leader in the filtration industry, offering innovative solutions to enhance equipment performance.
Donaldson Company (NYSE: DCI) reported Q2 2021 GAAP net earnings of $56.2 million, down from $64.4 million in 2020, impacted by $14.8 million in restructuring charges. Adjusted net earnings were $66.8 million, with GAAP EPS at $0.44, a decrease from $0.50 the previous year. Sales rose 2.6% to $679.1 million, led by growth in Off-Road and Aftermarket segments. Full-year guidance estimates GAAP EPS between $2.09 and $2.17, with sales set to increase 5%-8% compared to last year.
Donaldson Company (NYSE: DCI) will host a webcast for its second quarter 2021 earnings conference call on February 25, 2021, at 9:00 a.m. CST. Investors can access the live webcast via the 'Events & Presentations' section on its Investor Relations website. A replay will be available starting at 12:00 p.m. CST on the same day. Established in 1915, Donaldson is a leader in innovative filtration solutions, serving diverse industries globally with over 140 locations.
Donaldson Company (NYSE: DCI) declared a regular cash dividend of 21.0 cents per share, payable on February 26, 2021, to shareholders of record on February 11, 2021. This marks the 65th consecutive year of quarterly dividend payments. Donaldson is recognized for its commitment to returning value to shareholders and has been part of the S&P High-Yield Dividend Aristocrats Index since January 2016 after achieving 20 years of annual dividend increases.
Donaldson Company (NYSE: DCI) has appointed David E. Wood, Ph.D., as Vice President of Life Sciences Business Development. Wood will enhance Donaldson's growth in life sciences markets, reporting directly to CEO Tod Carpenter. The company has increased investments to expand its materials science capabilities, notably through the LifeTec® filtration line. Donaldson's recent R&D facility and filter production upgrades position it for further growth. Wood, previously at T2 Biosystems, brings extensive experience in life sciences and strategic acquisitions.
Donaldson Company (NYSE: DCI) reported Q1 2021 net earnings of $61.9 million, down from $65.0 million in 2020. EPS declined 4.4% to $0.48. Total sales fell 5.4% to $636.6 million, though currency translation positively impacted sales by 1.0%. The decline in Engine Products was partly mitigated by strong growth in China. Operating income rate increased to 13.7%, and gross margin improved to 35.0%. While Q2 sales may see slight fluctuations, the company expects growth in the second half. Effective tax rate for 2021 is projected at 24-26%.
Donaldson Company (NYSE: DCI) will host a webcast for its Q1 2021 earnings conference call on December 3, 2020, at 9:00 a.m. CST. Investors can access the live broadcast through the 'Events & Presentations' section of the Investor Relations website. A replay will be available from 12:00 p.m. CST on the same day. Founded in 1915, Donaldson specializes in filtration technology across various industries, emphasizing their commitment to innovative solutions and cleaner environments.
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